LOU News

14.04.17

NSD Becomes Candidate LOU

National Settlement Depository (NSD), Russia's central securities depository, signed a Master Agreement with the Global Legal Entity Identifier Foundation (GLEIF) and became a Candidate for the Local Operating Unit (Candidate LOU). Appropriate information has been placed on GLEIF's official website. NSD is the first company in Russia and the CIS with this status. To date, there are 23 organizations worldwide which have applied for LOU status. Six LOUs have already been accredited.

The accreditation process for a LOU consists of several consecutive stages. Continuing to act as a pre-LOU authorized to assign LEIs by the Legal Entity Identifier Regulatory Oversight Committee (LEI ROC), NSD proceeds to the final phase that will complete the process by receiving LOU status.

NSD has functioned as a pre-LOU since 2013. In 2016, NSD assigned 136 new LEIs; thus, the number of serviced codes increased 20% (to 835 LEIs). For this period, 407 LEIs were verified.

National Settlement Depository (NSD) is the central securities depository of the Russian Federation. The status of central securities depository was assigned to NSD by the Russian Federal Financial Markets Service’s order on 6 November 2012. NSD holds professional securities market participant license No. 045-12042-000100 for depository operations issued by the FFMS of Russia on 19 February 2009, and license No. 3294 for bank operations issued by the Central Bank of the Russian Federation on 4 August 2016. The license No. 045-00004-000010 for the clearing activity was issued by the FFMS of Russia on 20 December 2012. The license No. 045-01 for the repository activity was issued by the Bank of Russia on 28 December 2016. Registered office: 12, Spartakovskaya St., Moscow, Russia.